The Traderszone Network

Published in TZ Latest News 1 April, 2016 by The TZ Newswire Staff

Blackberry Revenues Disappoint, Shares Drop 9% (BBRY)

Blackberry reported disappointing revenues Friday, causing shares to drop 8.8% to $7.38 in early afternoon trading. The company’s sales declined 29.7% from the prior-year quarter to $464 million, though its net loss of $238 million, or $0.45 per share, was not as bad as analysts expected.